Tag: energy

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Hungary at the bottom of EU's renewable source ranking

September 21, 2018, 2:03 pm
While electricity generation from renewable sources contributed more than one quarter (30 %) to total gross electricity consumption in the European Union in 2016, the ratio in Hungary was merely 7%, the... 

U.S. President Trump applauds Hungary for building gas pipeline

September 17, 2018, 12:39 pm
The United States remains committed to working with the 12 member nations of the Three Seas Initiative (3SI) to continue expanding, energy, transportation, and digital infrastructure, U.S. President Donald... 

Orbán and Putin to discuss Russian gas, Paks 2

September 14, 2018, 12:29 pm
The key items on the agenda of the next meeting between Russian President Vladimir Putin and Hungary’s Prime Minister Viktor Orbán in Moscow on 18 September could be Hungary’s gas supply and... 

Hungary Mol to lower price of gasoline

September 11, 2018, 2:37 pm
Hungarian oil and gas group Mol is to lower the wholesale list price of 95-octane gasoline by 4 forints per litre on Wednesday, while the price of diesel will remain unchanged. The average price of... 

Hungary Mol to raise motor fuel prices on Wednesday

September 3, 2018, 1:43 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by 2 forints per litre and the price of diesel by HUF 4 per litre on Wednesday. The average price of gasoline... 

Hungarian PM Orbán meets Rosatom chief in Budapest

August 31, 2018, 5:25 pm
Hungary’s Prime Minister Viktor Orbán has held a working meeting with Alexey Likhachev, Director General of Rosatom and his colleagues about the expansion of the Paks nuclear power plant. A Rosatom... 

E.On to triple current solar capacity in Hungary

August 29, 2018, 3:26 pm
E.On has connected to the grid its own solar plants in Hungary at the end of June. The seven 500 kW units built in Szigetvár and the 500 kW solar park build in Mohács ensures the annual power need of over... 

Hungary Mol to raise fuel prices Wednesday

August 27, 2018, 2:16 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of both diesel fuel and 95-octane gasoline by HUF 3 per litre on Wednesday. The average price of gasoline will be HUF 401 per litre... 

Halogen light bulb ban in EU to enter into force on 1 September

August 23, 2018, 5:14 pm
Manufacturing and importing halogen light bulbs will be banned in the European Union from 1 September. The ban is the final stage of the EU’s energy rules that seek to root out less efficient light... 

Fuel sales continue to grow in H1 in Hungary despite high prices

August 16, 2018, 9:10 am
Sales at Hungarian fuel stations continued to grow in the first half as motorists bought 8.2% more fuel than in H1 2017, the Hungarian Petroleum Association (MÁSZ) said. By volume, sales of gasoline... 

Hungary Mol to raise diesel prices on Friday

August 15, 2018, 2:08 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of diesel fuel by HUF 3 per litre on Friday, while leaving the price of 95-octane gasoline unchanged. The average price of gasoline... 

Malfunction at Hungary's Paks nuclear plant lowers output

August 14, 2018, 4:49 pm
Hungary’s Paks nuclear power plant on Tuesday said it had lowered output of one of its four blocks due to an unspecified electrical malfunctioning, according to a statement posted on its web site.... 

Fuel prices to be lowered in Hungary on Wednesday

August 6, 2018, 2:40 pm
Hungarian oil and gas group Mol is to lower the wholesale list price of 95-octane gasoline by 2 forints and the price of diesel by HUF 4 per litre on Wednesday. The average price of gasoline will be... 

Hungary Mol raises the stakes - This is how higher oil prices affected it

August 3, 2018, 8:48 am
Hungarian fuels group Mol reported better-than-expected profit figures for the second quarter of 2018. Its Clean CCS EBITDA, the item most closely watched in the sector, declined in annual terms due to... 

Hungary Mol enters plastics recycling business

August 2, 2018, 8:58 am
Hungarian fuels group Mol and German recycling technology company APK have signed a strategic co-operation agreement in Merseburg on Wednesday, aspiring “to become leaders in recycling in Central... 

Hungary Mol raises motor fuel prices again

August 1, 2018, 8:05 am
Hungarian oil and gas group Mol has raised the wholesale list price of 95-octane gasoline by 5 forints and the price of diesel by HUF 3 per litre on Wednesday. The average price of gasoline is now HUF... 

Hungary Mol enters public transport sector

July 31, 2018, 9:51 am
Hungarian oil and gas group Mol has acquired a majority shareholding in busmaker ITK Holding Zrt., which is headquartered in Budapest and operates a plant in Debrecen, eastern Hungary. ITK Holding was... 

Hungary Mol to report drop in Q2 profits - analysts

July 26, 2018, 3:05 pm
Hungarian fuels group Mol is set to release its earnings report for the second-quarter of 2018 next Friday (3 Auugust). According to analysts’ consensus estimate, the group’s EBITDA (earnings... 

Hungary Mol to raise fuel prices after series of cuts

July 25, 2018, 3:26 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline and diesel by HUF 3 per litre on Friday. The average price of gasoline is to be HUF 395 per litre and the average... 

Hungary power supply increasingly reliant on neighbours

July 18, 2018, 2:42 pm
The share of imports jumped in Hungary’s electricity usage in the first half of 2018, and reached 35.8%, according to data published by the Hungarian Independent Transmission Operator Co. (Mavir).... 
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